EUR/JPY
EUR/JPY remains under broad bearish pressure despite failing to print a new lower low today, trading instead entirely within the previous session’s price range. The overarching market structure stays decisively tilted to the downside, keeping the technical bias heavily in favor of sellers. Consequently, the broader decline is expected to persist, and traders will likely continue treating any temporary bullish corrections as strategic opportunities to add to short positions.
Today’s critical levels to watch:
Support: 178.00
Resistance: 180.00, 183.40, 185.84, 190.00
EUR/GBP
EUR/GBP launched an initial bullish attempt that nearly reached the 0.8600 mark before turning lower to trade back below yesterday’s high. Despite the intraday push, the broader technical setup remains unchanged as price action continues to hover within its established consolidation boundaries. From here, the pair could either mount another push upward to retest the 0.8600 – 0.8620 resistance zone or pivot straight lower to extend its broader downward path.
Today’s critical levels to watch:
Support: 0.8525, 0.8500
Resistance: 0.8580, 0.8600, 0.8700, 0.8750
GBP/JPY
GBP/JPY faced renewed bearish pressure today, though sellers lacked the momentum needed to print a fresh lower swing low. Price action may temporarily stall around current levels before resuming its downward trajectory, or potentially attempt a minor bounce to retest its previously broken support level. Should any bullish correction materialize in the near term, traders are expected to use the advance as a favorable opportunity to enter short positions.
Today’s critical level to watch:
Support: 208.00, 205.00
Resistance: 210.00, 211.50, 214.965, 218.00
GBP/CHF
GBP/CHF continues its sideways consolidation, exhibiting a slow upward grind within the boundaries of its current range. Market dynamics remain largely balanced as neither buyers nor sellers have managed to force a clear technical breakout. Moving forward, traders will await either a decisive breakout above the overhead green box area or the formation of a new lower low to confirm the pair’s next directional trend.
Today’s critical levels to watch:
Support: 1.0800, 1.0660, 1.0600, 1.0500, 1.03599
Resistance: 1.0900, 1.1060, 1.1100